NetSuite Inc. was a big mover last session, as the company saw its shares rise over 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 14.0% in the past one-month time frame.
The company has seen one negative revision in the past one month, while its Zacks Consensus Estimate moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye this stock going forward to see if this recent move higher can last.
NetSuite currently carries a Zacks Rank #4 (Sell).
A better-ranked stock in the same industry is Infoblox Inc. , sporting a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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